Mirabaud Asset Management Ltd Lowers Stock Holdings in Amazon.com, Inc. $AMZN

Mirabaud Asset Management Ltd reduced its stake in Amazon.com by 16.9% in Q2, now holding 54,418 shares worth $12,152,000. Despite this, Amazon remains its 5th largest position. Other investors slightly increased their holdings. Insiders sold 82,234 shares worth $19,076,767. Analysts maintain a 'Moderate Buy' rating with a $296.11 average price target. Amazon's stock opened at $229.11, with a 52-week range of $161.38 to $233.00.

Mirabaud Asset Management Ltd lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,418 shares of the e-commerce giant's stock after selling 11,088 shares during the quarter. Amazon.com accounts for about 5.7% of Mirabaud Asset Management Ltd's investment portfolio, making the stock its 5th largest position. Mirabaud Asset Management Ltd's holdings in Amazon.com were worth $12,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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A number of other large investors have also recently bought and sold shares of the stock. Barlow Wealth Partners Inc. boosted its stake in shares of Amazon.com by 0.4% in the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant's stock valued at $2,763,000 after purchasing an additional 44 shares in the last quarter. Ridgecrest Wealth Partners LLC boosted its position in Amazon.com by 0.5% in the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock valued at $1,843,000 after buying an additional 45 shares in the last quarter. Probity Advisors Inc. boosted its position in Amazon.com by 0.4% in the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant's stock valued at $2,667,000 after buying an additional 45 shares in the last quarter. Bare Financial Services Inc grew its stake in Amazon.com by 5.4% during the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant's stock worth $177,000 after buying an additional 48 shares during the last quarter. Finally, Heritage Oak Wealth Advisors LLC increased its holdings in shares of Amazon.com by 1.2% during the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant's stock worth $862,000 after buying an additional 48 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Matthew S. Garman sold 17,768 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the sale, the chief executive officer directly owned 6,273 shares in the company, valued at approximately $1,360,613.70. This trade represents a 73.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Keith Brian Alexander sold 900 shares of the business's stock in a transaction on Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the transaction, the director directly owned 7,170 shares of the company's stock, valued at $1,670,610. This trade represents a 11.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 82,234 shares of company stock worth $19,076,767 over the last quarter. Insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

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AMZN has been the topic of a number of research analyst reports. DZ Bank restated a "buy" rating on shares of Amazon.com in a research report on Friday, October 31st. CIBC increased their target price on Amazon.com to $315.00 in a report on Monday, October 20th. Robert W. Baird set a $285.00 target price on Amazon.com and gave the company an "outperform" rating in a research note on Friday, October 31st. Roth Capital upped their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, October 31st. Finally, Daiwa Capital Markets increased their price objective on shares of Amazon.com from $254.00 to $300.00 and gave the stock a "buy" rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $296.11.

Read Our Latest Report on AMZN

Amazon.com Stock Performance

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Shares of Amazon.com stock opened at $229.11 on Friday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The stock has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 32.36, a PEG ratio of 1.60 and a beta of 1.37. The firm has a fifty day moving average of $228.38 and a two-hundred day moving average of $223.65.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The firm's revenue was up 13.4% on a year-over-year basis. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

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